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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: Greg Ehman who wrote (1221)	4/16/1999 6:15:00 PM
From: arisetech	Read Replies (1) \| Respond to of 1707

From: newsout@canada-stockwatch.com Date: Fri, 16 Apr 1999 15:01:20 -0700 Subject: Stockwatch: Major General Resources Ltd - Acquisition Major General Resources property acquisition Major General Resources Ltd MGJ Shares issued 38,065,143 Apr 15 close $0.26 Fri 16 Apr 99 Acquisition The Vancouver Stock Exchange has accepted for filing an agreement dated Feb. 12, 1999, between Major General Resources and Newfoundland Mining & Exploration Ltd. (John Tuach, Brian Grant, the optionor) whereby the company acquires a 100 per cent interest in mineral claim licences (4105, 4420, 4421, 4422, 4567, 4568 and 4775M) in the Green Bay property area of Central Newfoundland. In consideration, the company will issue 87,500 shares and 87,500 warrants with each warrant entitling the optionor to purchase an additional share at 35 cents in the first year and at 40 cents in the second. The property is subject to a 1 per cent net smelter return retained by the optionor. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com